Georgia CEO Todd Burkhalter jailed for $380M Ponzi

A Georgia-based CEO received a 20-year federal prison sentence for orchestrating a $380 million Ponzi scheme through his company, Drive Planning LLC. The scheme, which defrauded over 2,000 investors, involved marketing fake real estate and tax lien investment opportunities to fund luxury lifestyles, including yachts, private jets, and high-end properties. The scheme lasted from 2020 to 2024, with the leader and his associates exploiting investor funds for personal luxury spending.

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